The UK Politics and EU Referendum thread - merged

[TightEnd]

IFS warns of biggest squeeze on pay for 70 years over Brexit

https://www.theguardian.com/business/2016/nov/24/ifs-warnsf-biggest-squeeze-on-pay-for-70-years-autumn-statement?CMP=twt_gu

[TightEnd]

The attack on the Office for Budget Responsibility reveals where power now lies. Leavers are the masters, and will flex their muscles at will

https://www.theguardian.com/commentisfree/2016/nov/24/brexiteers-office-for-budget-responsibility?CMP=twt_gu

[TightEnd]

Tony Blair says Brexit vote 'can be reversed' as he rules out return to frontline politics http://bit.ly/2gknwUS

[TightEnd]

Britain may not be ready to trigger article 50 by April, says Malta’s PM

another "we are not bluffing" article

https://www.theguardian.com/politics/2016/nov/25/britain-not-ready-trigger-article-50-april-brexit-malta-pm?CMP=twt_gu

[DungBeetle]

IFS warns of biggest squeeze on pay for 70 years over Brexit

https://www.theguardian.com/business/2016/nov/24/ifs-warnsf-biggest-squeeze-on-pay-for-70-years-autumn-statement?CMP=twt_gu

Poor headline.  Reading the first few lines I was expecting real wages to decrease as a result of Brexit.  In fact the reason for the spectacularly sh*te wage growth is the plunge post 2008.  But let's blame it on Brexit. 

[nirvana]

IFS warns of biggest squeeze on pay for 70 years over Brexit

https://www.theguardian.com/business/2016/nov/24/ifs-warnsf-biggest-squeeze-on-pay-for-70-years-autumn-statement?CMP=twt_gu

Poor headline.  Reading the first few lines I was expecting real wages to decrease as a result of Brexit.  In fact the reason for the spectacularly sh*te wage growth is the plunge post 2008.  But let's blame it on Brexit. 

It's so frustrating. Labour and lib dems especially completely letting government get off the hook here due to brexit. Tories must be laughing their socks off

[DungBeetle]

IFS warns of biggest squeeze on pay for 70 years over Brexit

https://www.theguardian.com/business/2016/nov/24/ifs-warnsf-biggest-squeeze-on-pay-for-70-years-autumn-statement?CMP=twt_gu

Poor headline.  Reading the first few lines I was expecting real wages to decrease as a result of Brexit.  In fact the reason for the spectacularly sh*te wage growth is the plunge post 2008.  But let's blame it on Brexit. 

It's so frustrating. Labour and lib dems especially completely letting government get off the hook here due to brexit. Tories must be laughing their socks off

Why the contrived 13 year observation period anyway.  I guess the headline "real wages to grow 4% in the decade despite Brexit" isn't so good . Not that I would rather have a 7% rise staying in the EU mind you.  Just wish newspapers would stop being bellends.

[TightEnd]

the "contrived" 13 year period is because of the systemic banking crash of 2008, which caused an exogenous shock to wage growth

of course there are reasons beyond brexit...it didn't recover 2010-2016 for starters, globalisation is another big reason depressing wages in many sectors.... but would be expected to do so before 2021 without another exogenous shock, which we have voted for ourselves

[DungBeetle]

the "contrived" 13 year period is because of the systemic banking crash of 2008, which caused an exogenous shock to wage growth

of course there are reasons beyond brexit...it didn't recover 2010-2016 for starters, globalisation is another big reason depressing wages in many sectors.... but would be expected to do so before 2021 without another exogenous shock, which we have voted for ourselves

You don't think the headlines are absurd?  Evening standard "Brexit turmoil as households face worst decade squeeze since WW2".   Not misleading?

[TightEnd]

the IFS report isn't absurd, for starters.

Brexit is a major factor suppressing wage growth, obviously not the only factor.

Brexit, in pushing down sterling substantially, is also inflationary and is going to increase household food and energy costs. so a further squeeze (costs rising faster than wages) on household incomes is correct

the headline doesn't have any nuance, but no different than the Daily Mail's laughable attempt this morning which twists it the other way. A paper owned by the elite, which seems to decry the elite they are part of for remoaning all the time....

 

[DungBeetle]

I'm not criticising the IMF am I?  I'm criticising headline nonsense. 

How about:

"Brexit turmoil as wages currently down 8% on 2008 levels."

Or for the farage:

"Wages down 8 percent while in EU predicted to rise 6 percent following Brexit"

[TightEnd]

twas ever thus wasn't it?

sub editors need to help sell newspapers?

"Brexit makes a bad situation slightly worse, probably" isn't going to cut it for the first edition!


it is, i agree, an absolute godsend for the Tories. can hide all sorts of incompetence behind Brexit, all with no viable opposition to land any blows

arguably, the government's economic policy is a mess and yet most would expect them to win a landslide if there was an election tomorrow

[TightEnd]

Irish PM: 'Impossible' to do Brexit deal in two years

expects transitional deal

http://news.sky.com/story/irish-pm-impossible-to-do-brexit-deal-in-two-years-10671690#

[TightEnd]

This is illustrative of left's probs - imposs to appeal to one side of the new divides without angering the other

http://www.newstatesman.com/politics/staggers/2016/11/white-working-class-another-form-identity-politics

[TightEnd]

2020 election: Labour will blame "shambolic Tory Brexit"; Tories will say "you voted for it"

http://www.independent.co.uk/voices/theresa-may-brexit-autumn-statement-philip-hammond-living-standards-drop-feel-bad-factor-general-a7438821.html